Recent Feedback
If I am a 50/50 business partner with someone who has an outstanding blance of 100,000 for the past 3 years can I force them to psy this balance in stock if they have no cash to pay it.
Optional Information: Country relating to Question: United States State (if USA): California Already Tried: Google
If they have no cash or assets to pay for it, then they can simply file bankruptcy and you would get nothing at all. You can get paid by the issuance of stock to make up the difference in what you are owed, that is a permissible form of payment to you, but if they refuse, you would have to file suit to seek to collect what is due.
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Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law